https://www.taxtmi.com/caselaws?id=71465 The Tribunal held that the commission paid to the Managing Director falls within the purview of section 40(c) and should not be excluded from disallowance. It reversed the CIT (Appeals) decision, instructing the Assessing Officer to include the commission for disallowance under section 40(c), emphasizing the distinction between sections 40(b) and 40(c). The decision clarified the application of the law to director-employees and aligned with previous rulings, establishing the correct interpretation of the provisions at hand. en-us Wed, 30 Sep 1992 00:00:00 +0530 Mon, 25 Apr 2011 10:21:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71465 The Tribunal held that the commission paid to the Managing Director falls within the purview of section 40(c) and should not be excluded from disallowance. It reversed the CIT (Appeals) decision, instructing the Assessing Officer to include the commission for disallowance under section 40(c), emphasizing the distinction between sections 40(b) and 40(c). The decision clarified the application of the law to director-employees and aligned with previous rulings, establishing the correct interpretation of the provisions at hand. Case-Laws Income Tax Wed, 30 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71465